Manon's Econ Blog

Spain’s prison

Posted on: December 6, 2010

Spain was one of the first countries who wanted to join the Euro Area, because it thought having a single currency would help them develop. Nevertheless, recently Spain has been in more trouble than other European countries such as Germany, but the Euro’s exchange rate and policies have to be one for all. Therefore, Spain cannot help its country right now with policies, so it is getting worse and worse. It is stuck in Europe.

If Spain wants to fix its economy, the best way would be for it to get out of Europe and get its own currency back so that it could use policies. Neverthless, it cannot do that easily, so its economy is getting worse, and is not ready to get better soon.

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1 Response to "Spain’s prison"

Too short you need to expand your ideas. Take a look at Oat’s blog post.

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